business news

22 Aug 2019
--- Dairy supplier Maxum Foods will manufacture and distribute OptiBiotix Health Plc’s weight management technology, SlimBiome, in Australia and New Zealand. UK-based OptiBiotix is a life science business that focuses on... Read More
21 Aug 2019
--- US-based Elanco Animal Health is to acquire Bayer’s Animal Health business in a US$7.6 billion deal. According to Elanco, the move elevates it as a global animal health company, enhances its portfolio of leading global... Read More
20 Jun 2019
--- Almost all Thai consumers (99 percent) are interested in improving their diets and a majority (82 percent) are happy for products to be reformulated, provided that taste is not compromised. This is according to a new report... Read More
23 May 2019
--- Solabia Group has acquired Algatech Ltd., a global innovator in the development, cultivation and commercialization of ingredients delivered from microalgae. Solabia, a family-owned company working closely with its minority... Read More
16 May 2019
--- Nestlé has entered into exclusive negotiations with a consortium led by EQT and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) for the sale of Nestlé Skin Health for a value of CHF 10.2... Read More
13 May 2019
--- Functional foods innovators must look beyond the complexities of achieving health claims by communicating directly to early adopters. Furthermore, platforms such as personalized nutrition will accelerate and solutions to... Read More
03 Apr 2019
--- Chr. Hansen’s establishment of a 50/50 joint venture together with Lonza in the live biotherapeutic products (LBPs) industry is the next phase in the evolution of how healthy bacteria are perceived. Announced... Read More
08 Mar 2019
--- European venture capital firm Seventure Partners has completed the first closing of its second dedicated fund focused on the microbiome and health, nutrition and digital/connected health sectors with a target for the final... Read More
18 Jan 2019
--- Danish-headquartered bioscience company Chr. Hansen has reported solid organic revenue growth of 10 percent in the first three months of the financial year 2018/19. It corresponds to 6 percent reported growth due to adverse... Read More
19 Dec 2018
--- Pharma heavyweights GlaxoSmithKline plc (GSK) and Pfizer Inc. have reached an agreement to combine the two companies’ consumer health businesses into a “new world-leading” Joint Venture, with combined sales... Read More
01 Nov 2018
--- PepsiCo has acquired Health Warrior, a US-based nutrition company that makes plant-based products including bars. The transaction will further expand the company's nutrition portfolio and marks the first investment led... Read More
01 Nov 2018
--- The role of start-ups in shaping the future of the food and beverage industry is pronounced. Their role as thought leaders has driven multinational companies and legacy brands to invest in them – and learn from them:... Read More
28 Sep 2018
--- Keurig Dr Pepper (KDP) has entered into a definitive agreement to acquire enhanced beverage company Core Nutrition LLC at a value of US$525 million, or approximately US$435 million net of anticipated tax benefits. The... Read More
24 Sep 2018
--- Sunar Misir plans to reach an installed capacity of 100,000 tons for its sorbitol and maltitol facility in Adana (Turkey) by the end of 2019. Sunar Mısır has over 33 years of experience with corn-based ingredients and offers... Read More
10 Aug 2018
--- Swiss-headquartered biotechnology and fermentation ingredient supplier Evolva has reported that product sales doubled, reaching CHF1.8 million (US$1.8 million) in the first half of 2018. Total revenues reached CHF3.8 million... Read More
10 Aug 2018
--- Salutivia has been appointed as the UK distributor for DSM Nutritional Products within the food, nutrition and supplement markets for customers served through the DSM distributor supply chain.
09 Aug 2018
--- Detoxwater, the prebiotic, aloe-infused water brand has announced its partnership as the exclusive enhanced bottled water for the 10th Annual Electric Zoo electronic music festival to be held in Randall’s Island Park... Read More
09 Aug 2018
--- Albertsons Companies, one of the US’ largest grocery retailers, and leading drugstore chain Rite Aid Corporation have mutually agreed to terminate their previously announced merger agreement. The US$24 billion deal... Read More
08 Aug 2018
--- Raisio is targeting renewed growth for its “star” international brand Benecol, with an increased focus on marketing products featuring the cholesterol-lowering plant stanol esters. The strategy includes a €2... Read More
01 Aug 2018
--- Specialty chemicals company DSM has reported a second-quarter core profit of €508 million (US$593.2 million), up 35 percent compared to Q2 2017, boosted by an “exceptional vitamin pricing environment” and... Read More